djw Posted September 22, 2020 Report Share Posted September 22, 2020 Has anyone any experience in collecting rent from tenants using Direct Debit opposed to Standing Order? From what i understand, with Direct Debit the payee (landlord) is in control, rather than the payor (tenant). Just like when paying utilities. Could be a good way to minimize missed payments during covid-19. Does anyone know of any services available? Quote Link to comment Share on other sites More sharing options...
Richlist Posted September 22, 2020 Report Share Posted September 22, 2020 I've always used a standing order on the assumption that direct debits are not available to individuals. Never had much of a problem with missed payments when using a standing order. Are you trying to fix a problem that doesn't exist ? Or do you have an existing problem that a change to a direct debit won't fix ? If the tenant doesn't have sufficient income to pay the rent, it ain't gonna be paid irrespective of the method you set up. What you need is a backup........either rent guarantee insurance &/or a home owning guarantor. Have you got either of those ? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.